Massachusetts Fines MassMutual $4 Million for Failing to Censor GameStop Squeeze Mastermind
MassMutual has been fined $4 million by the state of Massachusetts for failing to censor an employee who helped launch the GameStop squeeze.
MassMutual has been fined $4 million by the state of Massachusetts for failing to censor an employee who helped launch the GameStop squeeze.
A London hedge fund that bet against GameStop has become one of the first casualties in the populist internet revolt against Wall Street.
Shares doubled on Wednesday after the company announced a new program to directly connect with its investors.
“No disruption is easy or happens in a straight line. Stay with it. I am a believer,” Mark Cuban told the GameStop army.
Tuesday, Jaime Rogozinski, the founder of the WallStreetBets subreddit forum on Reddit, commented on the WallStreetBets and GameStop saga that has caused financial elites to question the retail investor’s role in financial markets.
Texas attorney general Ken Paxton, who is investigating Google in a multi-state antitrust case and recently launched an investigation into the trading app RobinHood, joined Breitbart News editor-in-chief Alex Marlow on Breitbart News Daily on SiriusXM Monday morning.
Nigel Farage has hailed the GameStop rebellion as the natural successor to the populist movement which carried Brexit and Donald Trump to victory in 2016.
Shares of GameStop and AMC saw tremendous gains this week as an army of small retailer investors beat back sophisticated hedge funds that had bet against the stocks.
Tech giant Google is actively removing negative reviews of the Robinhood trading app from the Google Play Store after users expressed their anger over the trading platform’s halt on buying certain stocks yesterday, including Gamestop.
Former late-night host Jon Stewart made his first-ever Twitter post Thursday to voice support for WallStreetBets and the populist wave of investors fighting hedge funds over shares of GameStop, Nokia, BlackBerry, and other highly-shorted companies.
As share prices of GameStop stock soar, the popular trading Reddit forum WallStreetBets is facing increased scrutiny. Last night the messaging service Discord shut down the subreddit’s Discord server, a short while later the subreddit went private for some time.